The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

A Steady Growth Trajectory

• The aviation gasoline market size has witnessed a steady rise in recent years, growing from $1.89 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%.
• Historic growth drivers include post-war civilian aviation expansion, the rise of commercial aviation, establishment of aviation regulations, and advancements in aircraft technology, spurred by the demands of World War I and II.

Looking Ahead: Projected Growth and Influential Factors

• The market is expected to continue its growth trajectory, reaching $2.38 billion in 2028 with a CAGR of 4.8%.
• Anticipated growth factors in the forecast period include the emergence of electric aviation, innovations in fuel efficiency, global economic expansion, regulatory changes, and the shift towards alternative fuels.

Trends Shaping the Future of Aviation Gasoline Market

• Biodegradable Fuel: Increasing focus on eco-friendly alternatives.
• Shift in Aircraft Fleet Composition: Transition towards more efficient and sustainable aircraft.
• Evolving Regulatory Standards: Adaptation to meet changing environmental and safety regulations.
• Product Innovations: Development of advanced fuel solutions.
• Transition to Sustainable Fuels: Growing emphasis on environmentally friendly fuel sources.

View More On The Aviation Gasoline Market Report 2024 – https://www.thebusinessresearchcompany.com/report/aviation-gasoline-global-market-report

Surging Demand for Small Aircraft Propels Market Growth

• Growing demand for small aircraft is a significant driver of the aviation gasoline market.
• Small aircraft, with a maximum seating capacity of 60 people or payload capacity of 18,000 pounds, rely on aviation gasoline for piston engines.
• The retirement of older aircraft and the need for replacements, such as the A220 and A320 families, contribute to increased demand.
• Major players in the market include Shell PLC, British Petroleum Company PLC, ExxonMobil Corporation, and TotalEnergies SE, among others.

Rise of Green and Bio-Based Solutions Shapes Market Trends

• The adoption of green and bio-based fuel solutions is a prominent trend in the aviation gasoline market.
• Companies like Chevron Renewable Energy Group are introducing bio-based products like PuriDTM, exceeding industry quality standards.
• Agility’s acquisition of Menzies Aviation Group PLC for $810.24 million strengthens airport services and underscores the industry’s commitment to innovation and expansion.

Segment Analysis and Regional Insights

• The aviation gasoline market is segmented by fuel type, aircraft type, additive types, and end-user.
• Fuel types include Avgas and Jet Fuel, catering to various aviation needs.
• Aircraft types encompass Fixed Wings, Rotorcraft, and other specialized aircraft.
• Additive types range from deposit control to anti-icing solutions, ensuring optimal engine performance.
• End-users span private, commercial, and military sectors, reflecting diverse operational requirements.
• North America led the aviation gasoline market share in 2023, highlighting its prominence in the global aviation industry.

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The Aviation Gasoline Global Market Report 2024  provides comprehensive insights on the aviation gasoline market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the aviation gasoline market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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